Smaller apartments in the Czech Republic are significantly more expensive per square meter than their medium and large counterparts, according to a new analysis by Valuo.cz. Prices for apartments up to 41 square meters can exceed the average price per square meter by 10% to 70%, depending on the region. The trend is particularly pronounced outside Prague, where small apartments often reach the highest price levels. In Prague, the average price per square meter for smaller apartments reached CZK 143,000 this year, while in Brno, it was CZK 115,000. In regional cities, the average stood at CZK 77,200, and in other areas, CZK 63,500. These figures contrast with Deloitte’s national average of CZK 101,700 per square meter in the second quarter of 2024. “Smaller apartments in Prague are priced about 25% above the average, but in other regions, they can exceed the average by as much as 70%. This reflects a clear trend where small apartments are significantly more expensive than the average, while larger apartments are often more affordable,” said Radek Šitera, founder of Valuo.cz. The analysis highlights that apartments over 90 square meters, particularly in Prague, are only slightly more expensive than the average price per square meter. Larger apartments, exceeding 140 square meters, often have significantly lower per-square-meter prices due to reduced demand for these types of properties. Mid-sized apartments, measuring up to 75 square meters, are generally 10% to 15% cheaper than the national average. In contrast, smaller apartments up to 31 square meters have seen the fastest price increases. This category has attracted growing interest, especially among young investors purchasing their first rental properties. A July survey by CEEC Research found that over two-thirds of real estate buyers in the Czech Republic view property as a long-term investment. Approximately 20% anticipate property price appreciation, 9% seek to diversify their savings, and 2% invest for regular rental income. The popularity of smaller apartments is fueled by their appeal to first-time investors and renters, as well as their higher demand in urban areas. Knight Frank’s analysis indicates strong interest from young investors, particularly in Prague and Brno, where smaller properties are seen as ideal for rental investments. Source: Valuo.cz and CTK